Achmea Investment Management B.V. lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 23.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 109,892 shares of the industrial products company’s stock after purchasing an additional 20,861 shares during the period. Achmea Investment Management B.V.’s holdings in Emerson Electric were worth $8,413,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Independent Advisor Alliance boosted its holdings in Emerson Electric by 38.0% in the second quarter. Independent Advisor Alliance now owns 37,225 shares of the industrial products company’s stock valued at $2,522,000 after acquiring an additional 10,250 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in Emerson Electric by 3.4% in the second quarter. Commonwealth Bank of Australia now owns 81,289 shares of the industrial products company’s stock valued at $5,546,000 after buying an additional 2,652 shares during the period. AMP Capital Investors Ltd lifted its stake in Emerson Electric by 12.7% in the second quarter. AMP Capital Investors Ltd now owns 239,559 shares of the industrial products company’s stock valued at $16,563,000 after buying an additional 27,052 shares during the period. Tower Research Capital LLC TRC lifted its stake in Emerson Electric by 1,033.6% in the second quarter. Tower Research Capital LLC TRC now owns 21,073 shares of the industrial products company’s stock valued at $1,457,000 after buying an additional 19,214 shares during the period. Finally, BTR Capital Management Inc. lifted its stake in Emerson Electric by 18.7% in the third quarter. BTR Capital Management Inc. now owns 13,065 shares of the industrial products company’s stock valued at $1,001,000 after buying an additional 2,060 shares during the period. Institutional investors and hedge funds own 70.33% of the company’s stock.
NYSE EMR opened at $68.49 on Friday. The stock has a market cap of $44.33 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 1.85 and a beta of 1.20. The company has a current ratio of 1.07, a quick ratio of 0.97 and a debt-to-equity ratio of 0.35. Emerson Electric Co. has a one year low of $57.47 and a one year high of $79.70.
Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.03). The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.91 billion. Emerson Electric had a return on equity of 23.06% and a net margin of 12.65%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 EPS. Research analysts anticipate that Emerson Electric Co. will post 3.72 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be given a dividend of $0.49 per share. The ex-dividend date is Thursday, November 15th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.86%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.49. Emerson Electric’s dividend payout ratio (DPR) is currently 57.40%.
Several research firms have weighed in on EMR. Cowen reissued a “buy” rating and issued a $81.00 target price on shares of Emerson Electric in a research note on Tuesday. William Blair reissued a “market perform” rating on shares of Emerson Electric in a research note on Tuesday. Deutsche Bank set a $79.00 target price on Emerson Electric and gave the company a “buy” rating in a research note on Wednesday. ValuEngine lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Finally, Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Thursday, October 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $78.30.
In related news, VP Steven J. Pelch sold 6,409 shares of the stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $74.24, for a total transaction of $475,804.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Edward L. Monser sold 30,000 shares of the stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $75.84, for a total value of $2,275,200.00. Following the transaction, the president now owns 176,477 shares of the company’s stock, valued at $13,384,015.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 96,409 shares of company stock worth $7,317,004. 0.79% of the stock is currently owned by insiders.
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Emerson Electric Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.
Further Reading: Return on Equity (ROE)
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